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Minutes from the RBA's most recent meeting show the bank lowered its benchmark rate because of...

  • Tuesday, December 20, 2011, 2:11 AM ET
    Minutes from the RBA's most recent meeting show the bank lowered its benchmark rate because of the “non-trivial possibility of a very sharp contraction” in Europe and had seen no “strong need” to reduce rates based on the domestic outlook. Aussie dollar +0.4% vs. the greenback.
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